Fixed Deposit Rate Increase These public sector banks give the best yield on fd. Details can be found here

New Delhi. After the Reserve Bank hiked the repo rate, almost all banks raised their interest rates. On the one hand, where borrowing from banks has become expensive, while on the other hand, investing in bank FDs has become more advantageous than before. If you want to invest in such a situation, FD can be a good option.

Let us tell you that seniors get the maximum benefit from FD. Because, as a rule, the FD rates of the banks are the highest for them, and they also receive many other advantages. Today, here we are going to tell you about some government banks that give the highest interest rates on FD.

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Punjab National Bank
Currently, the Punjab National Bank offers interest rates up to a maximum of 7.75 percent for seniors and up to 8.05 percent for super seniors on special FDs of 666 days. Let us tell you that PNB last increased interest rates on 20th February 2023 for FDs amounting less than Rs 2 crore. Under the bank’s PNB Uttam scheme, seniors are offered a maximum interest rate of 7.80 per cent and super seniors a maximum of 8.10 per cent on deposits over Rs 15,000. At the same time, the bank also grants seniors additional interest on deposits of more than 5 years.

Punjab & Sind Bank
Punjab and Sind Bank’s Utkarsh program offers seniors an interest rate of 8.50 percent for 222 days. While super seniors earn a maximum of 8.85 percent interest. At the same time, the bank’s excellent program offers 300-day maximum interest rates of 8.00 percent for seniors and 8.35 percent for super-seniors on FD. On the other hand, when booking online for FD, seniors get a return of 8.25 percent and super seniors get 8.60 percent. Let us inform you that in February Punjab and Sind Bank announced an increase in interest rate on FDs of less than 2 crores.

Union Bank of India
The public sector bank, Union Bank of India, had hiked interest rates on its FDs in the month of November last year. The bank is now offering a maximum interest rate of 7.30 percent on two special FDs of 800 days and 3 years. Union Bank offers 7.80 percent interest for seniors. At the same time, the super seniors are offered 8.05 percent interest for the same period.

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